BUENOS AIRES | Xinhua | Argentina received 12 billion U.S. dollars from the International Monetary Fund (IMF) on Tuesday, the first disbursement under a new loan agreement aimed at stabilizing the economy and rebuilding foreign reserves. The payment raises the country’s gross international reserves to 36.8 billion dollars, according to …
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“Africa should improve governance in order to improve transparency, close illicit financial flows. Africa loses almost ninety billion dollars every year. That is far much more than we get from aid and Foreign Direct Investment (FDI) every year” Abidjan, Cote d’Ivoire | THE INDEPENDENT | African Development Bank Group Secretary General …
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KAMPALA, UGANDA | THE INDEPENDENT | In a major step toward enhancing financial inclusion and customer convenience, Old Mutual Life Assurance has entered into a strategic partnership with NxtPe and Airtel Money to launch a new digital premium payment solution. This collaboration introduces a seamless platform that allows customers to …
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Kampala, Uganda | THE INDEPENDENT | Centenary Bank Managing Director Fabian Kasi has been announced as the District Governor Nominee Designate. This honor will see him serve as the District Governor for Rotary Clubs in District 9213 during the 2027 – 2028 Rotary year. The announcement was made during the …
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NEW YORK | Xinhua | Ford CEO Jim Farley warned at a recent investor conference in New York that levying steep tariffs on imported goods “would blow a hole in the U.S. industry that we’ve never seen.” For years, the U.S. auto supply chains have been deeply integrated with its …
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Kampala, Uganda | THE INDEPENDENT | Experts have warned that the continued extension of handouts or money to farmers through programmes such as the Parish Development Model (PDM) without offering them support on how to market their products will not help them create sustainable wealth. Delivering a keynote address …
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Hoima, Uganda | THE INDEPENDENT | Unknown armed thugs raided a shop in Hoima City on Tuesday morning, robbing a businesswoman of sh2.5 million and several other valuables. The robbery occurred at around 3:30 a.m. near the Shell Pump Fuel Station in the heart of Hoima City. According to information obtained …
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Equi-Life: Transforming Insurance Access in Uganda BUSINESS ANALYSIS | THE INDEPENDENT | Uganda’s insurance sector has demonstrated significant growth in recent years, with gross written premiums increasing from UGX 1.44 trillion in 2022 to UGX 1.6 trillion in 2023, this is according to the Insurance Regulatory Authority of Uganda (IRA) …
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Masaka, Uganda | THE INDEPENDENT | The Uganda National Bureau of Standards (UNBS) is blaming local governments for enabling the continued operation of unlicensed fuel stations in their jurisdictions. According to the bureau, local authorities often approve construction plans and collect local taxes from fuel outlets without ensuring they complete …
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Financial results for the year ended December 31, 2024 show revenue climbs 15% to sh546 billion 🔴Highlights of Absa Bank Uganda 2024 Performance ✳ Profit After Tax: Increased by 22%, to UGX 178 billion. ✳ Revenue: A growth of 15.1%, driven by growth in customers, transactional activity, and credit support. ✳ Customer Loans: …
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The Independent Uganda: You get the Truth we Pay the Price
